Industry News from Energy Services

UK NBP spot gas was trading lower Thursday on an oversupplied system caused by higher UK gas production and LNG regasification, withdrawals from medium-range storage as well as lower exports to Continental Europe. ›

Gasoline prices in the United States hit $2 a gallon for the first time since 2015 on Thursday as flooding from storm Harvey knocked out almost a quarter of U.S. refineries, while crude prices remained weak as demand dropped following the outages. ›

European spot electricity prices for next day delivery diverged on Wednesday as forecasts for cooler weather after scorching temperatures eroded French demand, while a fall in solar power output buoyed the German contract. ›

Oil prices slid on Wednesday but gasoline spiked to their highest since July 2015 as flooding and storm damage in the wake of Hurricane Harvey knocked out one-fifth of U.S. refineries, crimping demand for crude but raising fears of fuel shortages. ›

Near-term UK wholesale natural gas prices climbed Tuesday mid-morning, with demand for Wednesday and Thursday set to break the barrier of 200 million cu m, according to National Grid’s long-term forecast. ›